Bitcoin’s price has suffered a slight blunder. After spiking to nearly $ 8,400 over the weekend, the coin fell during today’s early morning hours to $ 7,900, but has since rebounded to about $ 8,000 at press time. It’s good news to know that while bitcoin failed to develop stronger resistance during its Sunday high, the drop wasn’t any worse.

Joining bitcoin with an exact-matching four percent drop in value is ether, which has fallen from approximately $ 537 to $ 503 at the time of writing. In addition, bitcoin cash, Ripple’s XRP and litecoin have all fallen by roughly three percent each. Read more...

It would appear the momentum is turning against all top cryptocurrencies once again. While this is anything but surprising, it has become apparent this was just to be a matter of time. When looking at the bigger picture, there’s no reason to think the full recovery is in place yet. As such, we now see the Bitcoin price dropping to nearly $ 8.000 again, albeit it remains to be seen if that level will hold. Read more...

The bitcoin price has fallen by roughly $ 100, but this isn’t necessarily something to fear or a sign of another impending bear run. The currency has spiked by approximately $ 1,200 since mid-week, jumping from $ 6,900 to $ 8,100 in just under 48 hours, and a small drop in the records isn’t something to get one’s hat in a twist.

At press time, most analysts are unanimous in their thoughts that bitcoin and its crypto-cousins are in line for some “monster gains” in the coming weeks. Perhaps the biggest enthusiasm comes from tech billionaire Tim Draper, who recently stated that he believes bitcoin could reach a quarter of a million dollars by the year 2022. Read more...

One of the biggest bulls for Bitcoin, Michael Novogratz, has delayed the launch of his cryptocurrency hedge fund and believes Bitcoin could fall to $ 8,000.

Bitcoin has been one of the most important financial stories in 2017, and as we stagger through the last few days of the year, Bitcoin still has a grip on the headlines. However, instead of the awe of Bitcoin soaring ever higher in value, there is shock as the cryptocurrency has plunged dramatically over the last week. One of the biggest bulls for Bitcoin over the last year is Michael Novogratz, and he now says that Bitcoin could drop as low as $ 8,000. Read more...